Minda Industries formed ascending triangle. The stock is stuck in 400-440 channel, a breakout on either side would decide the course of path.
all levels are mentioned on the charts , take a wise decision of nifty on that basis .
There is ascending triangle formation on weekly chart which show continuation of the rally.
heading for previous high strength + pattern suggest same keep accumulating on dips previous analysis
Price action is consolidating inside descending triangle. Waiting to confirm the trend direction.
3 week long consolidation coming to an end, might show where is it headed. P.S. Bharti Airtel has AGM on 28th August 2018. It may be an event play.
The Symmetrical Triangle The symmetrical triangle (or coil) pattern normally occurs during a trend as a continuation pattern. It is essentially a coin flip as to which direction price will exit if it is truly a Symmetrical Triangle. The triangle includes at least two higher lows and two lower highs. Essentially, the trading range becomes smaller and smaller...
Targets are mentioned in Chart
Observations 1. Three different entry points - A, B, C 2. A at 567, B at 753, C at 891. 3. One triangle breakout at 891. 4. All entry points still within the trend 5. Currently inching towards forming a triangle. 6 . 21-Aug is dividend date. Let's see if it breakouts or not.
Details on the chart, it's very interesting. Draw a triangle for the previous bull rally, copy & paste it on the current bull rally. It fits perfectly. The previous bull rally from Feb 2014 to March 2015 took 393 days and NIFTY went up by 3185 points. The recent bull rally from Dec 2016 to Jan 2018 took 399 days and NIFTY went up by 3277 points. The correction...
EDUCATIONAL BEL Descending Triangle with increasing volume last two sessions. It's also close to 50 Day EMA as well. Can be shorted if it breaches the triangle with good volume and confidence. Target1-175.00 Target2-172.00 Target1-169.00 SL - 185.00
Symmetrical Triangle formed on daily chart of NSE:ARVSMART Waiting for a breakout
It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market. Key Levels: Support 9910 Resistance 9965 (55 points range)
Someone rightly said - " Why patience isn’t just a virtue in investing, it’s a necessity for Trading" if you want to survive in the markets for long term. If I Can’t Have You Right Now, I Will Wait, Dear Few weeks back it made a high@431 - had started falling but it was not a convincing fall to 403 & pushed upside slightly above 430 levels making new...
A list of common Price Breakout Patterns occur in all financial markets. I will publish in future (when time permits) their description about them : "How they Form " How to Use Them" and what it signals One thing is SOUND & CLEAR is - TREND is FRIEND Cheers
Dear Traders, Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available. Symmetric Triangle Ascending Triangle Descending Triangle Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend...